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7) Stork Machining has total assets of $40,000. What are the total assets if new equipment is purchased for $10,000 cash? A) $55,000 B) $50,000

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7) Stork Machining has total assets of $40,000. What are the total assets if new equipment is purchased for $10,000 cash? A) $55,000 B) $50,000 C) $40,000 D) $60,000

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